It is the company’s second issue of bonds listed with the stock exchange. Its first bond issue listed, in the amount of RON11.5 million, with a fixed annual coupon rate of 8.5%, payable on a half-yearly basis, reached its maturity in January 2025.
The public offer for the issue of bonds was placed in December 2024. Following the offer, Norofert issued 69,503 unsecured and non-convertible bonds having a nominal value of RON100, thus attracting the amount of RON6.95 million from investors. The annual interest rate is 10% per year, payable on a half-yearly basis and having maturity in 2029. The amount attracted is to be used to foster strategic investments, more specifically, consolidating the activity on the external markets in the USA and Brasil, where the company has been operating since 2024 and the expansion of the irrigation system from the Zimnicea farm.
“Development remains a priority for Norofert, and this new bond issuance represents an important step in supporting the strategic investments that will allow us to strengthen the company’s position in the international markets. In a challenging context for our sector, expanding our presence in the USA and Brazil, alongside the sustainable agricultural practices we promote, highlights our commitment to creating value for shareholders, customers, and partners. Research and development of new products are the main drivers of Norofert’s growth, and our laboratory in Filipe?tii de Padure differentiates us in a competitive market. At the same time, expanding the irrigation system in Zimnicea, with an additional 350 hectares in 2025, reflects our commitment to sustainable and efficient agriculture,” said Vlad Popescu, Chairman of the Board of Directors of Norofert.
“After the year 2024 where investors showed high interest for bonds, which was confirmed by the record value of these instruments traded throughout last year, 2025 started for the Bucharest Stock Exchange with two listings of corporate bonds from two Romanian entrepreneurial companies. Today, Norofert come with their second issue of bonds with the stock exchange, at the same time reasserting the major role of the stock exchange in sustaining the development plans of local companies. The company’s field of activity, namely agriculture, has undoubtedly a significant importance for the local economy and we are glad that Norofert regarded the Bucharest Stock Exchange and its investors as redoubtable partners with whom they come to fulfill their strategic investment plans,” stated Radu Hanga, President of the Bucharest Stock Exchange.
Norofert has been listed on the AeRO market of the local stock exchange since March 2020. At the end of the trading session of 23 January, the company’s capitalisation amounted to RON54 million. The company stocks have been included in the dedicated index, i.e. BET AeRO, since October 2021. Over the course of almost 5 years of presence on the stock exchange, Norofert has operated four share capital increases and attracted RON11.5 million through private placement of corporate bonds and RON7 million through public offer of sale of corporate bonds, placed in 2024, and those bonds are now ready for trading.
The bonds were listed with the support of TradeVille, one of the most active brokers on the local capital market.
“The listing of NRF29 bonds on the Bucharest Stock Exchange marks an important moment for investors and Norofert Group. The success of this offering, brokered by TradeVille, reflects the market’s confidence and increased interest in financial instruments with competitive yields. With an annual return of 10% and a semi-annual interest payment, NRF29 bonds represent a valuable opportunity for investors looking to diversify their portfolios. Through this brokered deal, we reinforce TradeVille’s commitment to provide access to investment opportunities and to support Romanian companies in their development on the capital market. In addition, we are open to working with other companies that have a track record of performance and can offer attractive returns to investors,” said Alexandru Dobre, Deputy CEO TradeVille